Nasdaq Composite Surges 2.13 Percent on Big Tech Earnings Boost

Nasdaq Composite climbs 2.13% as investors react to strong earnings from leading technology firms, lifting the index above previous close. The rise reflects confidence in revenue growth and profit margins across the sector, pushing the market higher. Analysts note that the momentum may sustain if upcoming reports stay positive.

Microsoft reported earnings that beat analysts' forecasts, posting revenue growth of about 12% year‑over‑year and earnings per share exceeding expectations. The company credited cloud services and AI‑driven software sales for the outperformance, which helped lift broader tech sentiment. The strong results also lifted the company's share price by roughly 3% in after‑hours trading.

Meta posted a profit shortfall, with earnings per share falling below consensus and ad revenue slipping 4% as user growth slowed, dampening investor enthusiasm. The decline contrasted with the overall market rise, highlighting divergent performance among big‑tech peers.